335 E Chestnut Avenue
Santa Ana, CA 92701
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1985 build
- – on site
We are pleased to present the Chestnut Avenue Property in Santa Ana, CA. Constructed in 1985, this property features copper plumbing and offers an over 1.5:1 parking ratio with 34 covered parking spaces. The property consists of 14 one-bed units and 8 two-bed, two-bath units. Over half of the units have balconies, and the amenities include two on-site laundry facilities, an elevator, individual water heaters, and individual gas and electric meters. The property boasts a 5.1% cap rate on current income, with the potential to achieve nearly 8% on market rents. With the potential for a 35% increase in rental income, investors can expect strong in-place cash flow while strategically implementing a plan to maximize their investment returns.
Listed By CRMLS_CA / Chris Keramati / Triqor Group / chris@triqorgroup.com
Last checked:
Checking…
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Last updated Oct 22, 2024
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MLS# PW24172534 —
The Building
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Year Built:1985
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Year Built Source:Public Records
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:13742.00
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Building Area Units:Square Feet
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# of Buildings:3
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Total Number Of Units:22
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Stories Total:3
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# of Separate Gas Meters:22
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# of Separate Electric Meters:22
Interior
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Entry Location:/
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Laundry:Community
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Laundry:1
Location
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Directions:Driving East on 1st St., Turn right onto Orange Ave., Turn left onto E. Chestnut Ave., Property will be on your left.
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Latitude:33.74275500
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Longitude:-117.86370600
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:Yard
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Lot Size Area:17424.0000
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Lot Size Acres:0.4000
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Lot Size SqFt:17424.00
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Lot Size Source:Public Records
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:I
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Tax Census Tract:746.02
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Tax Tract:134
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Tax Lot:10
The Listing
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Special Listing Conditions:Standard
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Parcel Number:40409417
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:Santa Ana
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Senior Community:No
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Features:Sidewalks
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:34.00
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Carport Spaces:34.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/22/24
Oct 22, 2024
|
Price Changed | CRMLS_CA | $5,350,000 | -0.9% |
8/20/24
Aug 20, 2024
|
Listed / Active | CRMLS_CA | $5,400,000 | 59.8% (5.4% / YR) |
8/1/13
Aug 1, 2013
|
CRMLS_CA | $3,380,000 |